May. 23, 2022
To Whom It May Concern: I oppose The SEC's Woke Disclosure Scheme (#S7-10-22)! Securities Exchange Commission (SEC): President Biden took office in 2021, the USA enjoyed energy independence. No longer! Biden has canceled the Keystone XL Pipeline and new federal-land oil/gas drilling leases, destroying thousands of well-paying jobs in the process. The latest assault on USA energy companies comes from the SEC in the form of a 500+ page proposal to require public companies to report their various impacts on “climate change.” Corporations currently have environmental reporting processes in place! This proposal (#S7-10-22) is part of the Biden SEC’s crusade to implement the far- Left’s climate agenda, which is stalled in Congress. This complicated legislation-through-regulation scheme will saddle companies with huge new costs and enable the “woke” ESG crowd to bully energy companies! Thus, enriching the trial lawyers, who’ll find new ways to sue productive companies! Large, accounting firms will also reap revenue from helping companies comply with these new reporting requirements. Biden’s SEC is not content to regulate within its legislative authority? If adopted, these sweeping new disclosures will discourage energy industry companies from going public, forcing them to shift resources from innovation and job creation to compliance with the far Left’s mandates! The USA will become energy poor and prices will soar! I oppose The SEC's Woke Disclosure Scheme (#S7-10-22), the SEC should do the same! Thank you. Respectfully, Regards, Edward Katz